I love the fact that you are the fanatic of this movie. There was a time when I used to watch it everyday to a dinner. And to this day I consider it as one of the greatest movies ever made.
The same happened to me. I used to be an addict to the movie, and it was fulfilling the fact that evy time I watch the movie something new could be learned
It's impossible to make too many Big Short takes. I re-watch these time + again. Hoping to get even more from you over the years. You are not alone in your fascination with the movie. Don't see how one can love investing + not love the movie.
I rarely ever comment on videos, even though I consume hours of content like this-seriously, I never comment. But I have to give you your props. I’ve probably watched this movie as many times as you have, and I’ve never come across such a clear and insightful breakdown. 🙏🏾 I’ll be making sure all my colleagues subscribe to your content, just like I did
There are two few great financial films . Love to have seen one on the 1920s crash. Over in Europe it wasnt related to housing loan mortgage tranches but rather just assuming the housing market was never near its max and then house prices crashed and so did demand. Sadly financial movies are often related to disaster and remind citizens they voted for making it more likely to happen. Even now, seeing the result of Merill most dont understand the market so just hope the regulators do understand. The banks and their staff know this.
Great video. Hamish, at what discount to the face value is a bond deemed to have failed to activate the CDS obligation. (Assuming that the criterion is the face value ). Please help clarify
Interesting question. As portrayed in the movie, the guys all sold out before actual failure so they were at least assured of something. So as long as each entity was meeting its payment obligations, the action continued. Lehman collapsed when it ran out of money and could not find someone to backstop them. Remember, in the movie the premia were increasing while the bonds were failing. Thus it appears failure is something like a mutually agreed point where someone (or all) throws in the towel. e.g., The Brownhole guys settled their $200 M by getting another buyer to take it for $80M.
You should go down the ENRON and energy rabbit hole regarding the politization of energy. Second, go down the derivative rabbit hole. Alan Greenspan was warned about regulation of CDOs. He did nothing before or after the meltdown. The Fed let it happen....
@@curtisshawkassociation5276 I mean I think the tone helps convey the absurdity of what Enron did and how the people at Enron behave Thanks for reminding me of the name of the documentary I want to watch it again
The next big crash will be the US Fed taking in Insurance risk and shielding the Insurance firms from taking the full claim loss. In fact Congress wants this gravy train to continue otherwise climate change damage means no insurance cover for the vast coastal property asset class. Waiting to see the taxpayer saying no more and then seeing what CC means for their investments
Im not in finance but i was told after 08 the synthetic cdo wasn’t a product anyone wanted anything to do with. Also heard it was outlawed 🤔 instead it’s supposed to be referred to as a bespoke cdo😂 same nuts and bolts.
They were selling a product that they thought was properly priced. Selling insurance is profitable when there are no defaults to cover. More sales = more profit & revenue = success = bonuses and appreciating stock price. Part of the problem was they didn't expect a big reversal in the housing market. Also the rating agencies misrepresented the risk of the mortgages.
I had the same question, about giving loans to folks with poor credit. The Frank Dodd bill which President Bush was AGAINST IT, but dems & some reps signed off on it anyway.
Dodd-Frank was passed in response to the financial crisis. The Big Short came out only a month before the bill became law so likely had little to do with the law which would’ve already been drafted by then.
I've watched THE BIG SHORT many times too, obsessively so. Not sure what that says about me, or you for that matter. I think I may be on the spectrum LOL
That's creepy.... I literally bought a My Heritage kit 10 mins before I clicked on this video! Apparently they're the best for genealogy for non americans
It was in the Clinton Administration when Glass Steagall Law was derogated in 1999. and Bush, didn´t do anything, just cheer up inmigrantes with no Jobs and low income get the "American Dream".
Fact Check: U might want to check your dates. President Obama Presidential term: January 20, 2009 - January 20, 2017. He was responsible for cleaning up the mess that was perpetrated while his predecessor was in office.
Join the 90 million users and discover your family origins with a 14 day free trial: bit.ly/HamishHodder2_MH
Watch GameStop the wall st parasites whose diabolical greed created a Blackswan GME Gamestop IS the Play gamma squeeze coming
I love the fact that you are the fanatic of this movie. There was a time when I used to watch it everyday to a dinner. And to this day I consider it as one of the greatest movies ever made.
The same happened to me.
I used to be an addict to the movie, and it was fulfilling the fact that evy time I watch the movie something new could be learned
@@FranciscoIgnisci yeeess, exactly. To this day I'm noticing new details.
@@goobda_It took me 6 or 7 times to notice Michael Burry‘s cameo appearance.😁
I'm so glad that my love of the movie " The Big Short " led me to discover your TH-cam channel .
It's impossible to make too many Big Short takes. I re-watch these time + again. Hoping to get even more from you over the years. You are not alone in your fascination with the movie. Don't see how one can love investing + not love the movie.
Love your videos... love the way you explain... Subscribed, and wish you hit a million soon... ❤
Studying history. I love it. Thanks!
Nice deep dive Hamish!
A TH-cam post about a movie based on a book is like a CDO. It’s a derivative of a derivative. Read the book!
The movie explains a difficult topic quite well. The book is a nice complementary.
I rarely ever comment on videos, even though I consume hours of content like this-seriously, I never comment. But I have to give you your props. I’ve probably watched this movie as many times as you have, and I’ve never come across such a clear and insightful breakdown. 🙏🏾 I’ll be making sure all my colleagues subscribe to your content, just like I did
A great job. You made me really want to watch the movie. It just felt that you love it so much.
Love your channel!!!!
Learning so much. Thank you.
Thanks for this video
That Goldman sacs created the synthetic cdo via aig really should have been in the movie
Easily my fav movie of all time
Margin call is a great movie on this as well 👍
Thank you for all your hard work Hamish!!
👏👏👏👏
thank you for watching!
@@HamishHodder Why are there no stories on the mega bucks made by John Paulson at this time.
There are two few great financial films . Love to have seen one on the 1920s crash. Over in Europe it wasnt related to housing loan mortgage tranches but rather just assuming the housing market was never near its max and then house prices crashed and so did demand. Sadly financial movies are often related to disaster and remind citizens they voted for making it more likely to happen. Even now, seeing the result of Merill most dont understand the market so just hope the regulators do understand. The banks and their staff know this.
Love this movie
15 years later and still can’t stop thinking about the 2008 collapse.
Because the next one will be worse. 🙂
In the movie, Jared Vannett mentioned a negative carry. That didnt actually happened?
Nice
Great video. Hamish, at what discount to the face value is a bond deemed to have failed to activate the CDS obligation. (Assuming that the criterion is the face value ). Please help clarify
Interesting question. As portrayed in the movie, the guys all sold out before actual failure so they were at least assured of something. So as long as each entity was meeting its payment obligations, the action continued. Lehman collapsed when it ran out of money and could not find someone to backstop them.
Remember, in the movie the premia were increasing while the bonds were failing. Thus it appears failure is something like a mutually agreed point where someone (or all) throws in the towel.
e.g., The Brownhole guys settled their $200 M by getting another buyer to take it for $80M.
What is that song in the outro?
😯 you're SUNNY V2 !!!!!!!!!!!!!!!!!!!!
You should go down the ENRON and energy rabbit hole regarding the politization of energy. Second, go down the derivative rabbit hole. Alan Greenspan was warned about regulation of CDOs. He did nothing before or after the meltdown. The Fed let it happen....
enron was brutal, i saw a nice documentary cant remember the name
@leviathan19 it was called "Enron, the smartest guys in the room". That's facetious. But you are correct, it profiled the corruption.
@@curtisshawkassociation5276 I mean I think the tone helps convey the absurdity of what Enron did and how the people at Enron behave
Thanks for reminding me of the name of the documentary I want to watch it again
@@leviathan19 another must watch is "Inside Job"....Matt Damon narrates.
The next big crash will be the US Fed taking in Insurance risk and shielding the Insurance firms from taking the full claim loss. In fact Congress wants this gravy train to continue otherwise climate change damage means no insurance cover for the vast coastal property asset class. Waiting to see the taxpayer saying no more and then seeing what CC means for their investments
Whats the book of the video
Im not in finance but i was told after 08 the synthetic cdo wasn’t a product anyone wanted anything to do with. Also heard it was outlawed 🤔 instead it’s supposed to be referred to as a bespoke cdo😂 same nuts and bolts.
What did AIG gain by insurancing bad cdo at low interest rates?
They were selling a product that they thought was properly priced. Selling insurance is profitable when there are no defaults to cover. More sales = more profit & revenue = success = bonuses and appreciating stock price.
Part of the problem was they didn't expect a big reversal in the housing market. Also the rating agencies misrepresented the risk of the mortgages.
I just got done watching the Big Short before this video.
Phucking awesome I stumble upon with your video, hope you create a review for Margin Call.
Love from Philippines 🇵🇭🇵🇭🇵🇭🇵🇭🇵🇭 7:41
How much did _The Big Short_ have to do with Frank-Dodd bill that forced banks to give loans to people who had bad credit or no credit?
I had the same question, about giving loans to folks with poor credit. The Frank Dodd bill which President Bush was AGAINST IT, but dems & some reps signed off on it anyway.
Dodd-Frank was passed in response to the financial crisis. The Big Short came out only a month before the bill became law so likely had little to do with the law which would’ve already been drafted by then.
Nice explanation, but none of them could have made those millions, if they had actually had zero money. No way even $1000 would have been enough.
I loved that movie exposed the crooked banks Wall street , and the stupid government and their worthless agencies that are always late to act.😂😂😂😂
Its a great movie but its a takes lots of the story from This American Life episode Giant Pool of Money
Perhaps no one made as much money shorting this market than John Paulson but you see no stories about him...WHY?
I've watched THE BIG SHORT many times too, obsessively so. Not sure what that says about me, or you for that matter. I think I may be on the spectrum LOL
Chicken little is a swee5 nickname
🤔
Hard to follow the flow and terminology
Hi Hamish, your style is a bit unusual, but I thought your sponsor integration was excellent and I like your quick close to the video. Well done.
That's creepy.... I literally bought a My Heritage kit 10 mins before I clicked on this video! Apparently they're the best for genealogy for non americans
Only under Obama's watch would the GFC would have happened. Never would have happened voting R
It was in the Clinton Administration when Glass Steagall Law was derogated in 1999. and Bush, didn´t do anything, just cheer up inmigrantes with no Jobs and low income get the "American Dream".
The collapse of Lehman Brothers was Sept. 2008. Obama became presiden January 2009. So, why didn't he stop this, is Obama stupid?
Really it was bush who presided over that 1. Not political just saying.
Fact Check:
U might want to check your dates.
President Obama Presidential term: January 20, 2009 - January 20, 2017.
He was responsible for cleaning up the mess that was perpetrated while his predecessor was in office.
GFC happened in 2007. Obama became president in 2009. Quit drinking.
👍